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FOX
Sep 10, 2010 4:30am EDT
building up our credit card debt as much as we used to. that is good news there. we also have gains in the grain market. that's take a look at etf dba, it is agricultural etf and it is at one-year highs. politics and money are likely to dominate the internet and airwaves.president obama plans to hold a news conference later today to detail economic proposals he laid out earlier this week.among the president's plans to keep the economy growing-- and spur job growth-- he wants to allow businesses to write off 100% of their investments in equipment and plants through 2011, expand and make permanent a research and development tax credit, plus, pump $50 billion into updating roads, rails and runways.all the while control of congress is up for grabs. and with the mid term elections coming up in november the president needs to win the approval of voters as well as lawmakers. this saturday marks the 9 year anniversary of the september 11th terrorist attacks adolfo laurenti deputy chief economist at mesirow financial was at a conference in the world trade center towers on that day, 9 years ago.
FOX
Sep 14, 2010 4:30am EDT
everybody and thank you for joining us it is tuesday september 14th. investors are once again piling back into financial stocks. some analysts say that new capital requirements from the basil committee on banking supervision can actually boost the chance for banks to bring back those dividends once again and that has been bullish for the overall market's, yet some traders are still pretty cautious. caution is always in the air. i am happy that you mentioned the rally that has been happening in the market. keep in mind that president obama came out on friday talking about the details of his economic plan plus you had john baner who is a republican in congress talking about actually agreeing with some tax hikes even though some senators say they will. anything that brings certainty to the market causes a rally. that has definitely been a factor. in other news pacific gas and electric sets up a $100 billion fund for residents of san bruno california in the neighborhood where a gas pipeline exploded last week and households could receive up to $50,000 depending on the extent of th
FOX
Sep 3, 2010 4:30am EDT
summer will help the too big to fail situation. so hopefully taxpayer money would never be used again to save these big banks. and angie, you're going to take a closer look at the jobs coming up. in the meantime, traders are also watching for a big market reaction to that report out before the opening bell. now for more on the oil platform that caught on fire in the gulf of mexico yesterday. texas company mariner-energy owns and operates the platform which is designed to pump oil from an underground well located 100 miles south of vermillion bay, louisiana and 200 miles west of bp's broken well. the company said 13 crew members were rescued. this week, the company's oil platform was producing 9 million cubic feet of natural gas and 14 hundred barrels of oil each day. these are pictures from mariner-energy's website of its oil platforms. it says it's among the largest independent oil and gas companies operating in the gulf of mexico. this one day chart of mariner energy stock shows the price fell sharply in the middle of the day on thursday, then recovered most of the loss closin
FOX
Sep 6, 2010 4:30am EDT
orders the companies had. so having seen that leveling off is alot better is encouraging for us." we caught up to mike nichols, bp of operations education and economics for the national business avaition association. surrounded by plush jets ready to be fired up, nichols describes how the private aviation industry follows the ups and downs of the economy. one of the biggest downers was when executives from the big three automakers took their private jets and landed on capital hill asking for a $25 billion dollar bailout. "the image of those three coming to washington was harmful for the industry and left a negative and false impression in the minds of policy makers and the minds of the media." in the execs defense, nichols contends they may have been doing business on board. and, since that infamous dc trip, the nbaa is on damage control promoting a no plane, no gain strate which he says points out "private aircrafts help create 150 billion dollars in economic development, support 1.2 million dollars in high wage jobs, improve company productivity, gain access to medium and small reg
FOX
Sep 2, 2010 4:30am EDT
bottom. wednesday's numbers gave us a real shot in the arm to the upside. the manufacturing numbers were better than expected. those numbers give the idea that perhaps we are in some type of recovery. i also think this market is looking for any kind of excuse to rally. if we get better than expected data today and on friday's jobs market numbers you may see some follow-through. i will also temper that though with the late volume trade. the big traders won't be back till next week sometime so that's when we may pick a direction. the institutional traders come back in the market next week and then how are you anticipating your approach to the market from here on out in september and october? any trade above the 200 day moving average around 1100 in the s&p would be good for me. i have been selling these rallies here in the last three weeks on bad news. if we hit a bad number i sell the market.the market has been selling off nicely. i think this is a little bit different though. on wednesday the market rallied until close on the s&p's volume and then close on the high. so that is not w
FOX
Sep 13, 2010 4:30am EDT
and, " how removing this litte tiny bit of wheat out of the commodity system and using it as a way to nourish people as opposed to a vehicle for investment."if it were an investment kavage would be sitting on a pile of cash.in the spring of 2010 she payed around $4.50 a bushel months later the price of wheat surged to nearly $8.50 a bushel.even though it brought in a lesson. "this summer we had a huge spike in the price of wheat and now we have food riots in mozambique because people can't afford to pay for bread. kavage estimates her total cost to own, mill and store her commodity-- was around $15,000 dollars.frequently, she packs up several pounds of her flour to give away to soup kitchens, food banks or anyone interested in baking.she doubts her return on investment will come from a monetary aspect." maybe at some point, but i'm not expecting that." kavage does take in financial donations.she tells me she has recouped about half the money she spent in her personal wheat project. thanks angie cotton prices are now at 15 year highs at just under one dollar a pound.they've jumped almo
FOX
Sep 1, 2010 4:30am EDT
than $250,000 a year. the other 2% for those making $600,000, a million that costs really costs us $70 billion dollars a year. convincing the senate, let alone business leaders in this room, could prove to be a challenge that now is the time for the government to tax more, not less, on the wealthy. the 1% of americans that are the high income you could argue that they could share a little bit more of their wealth, but when you get into taxing businesses that are set up as individuals, that deters growth. it's a very tricky situation and one that requires leadership, it's not politics, it's leadership. " raising taxes on wealthy individuals which is where a lot of the investment and entreprenerial innovation comes from so i don't necessarily agree with all his views but i like him as a senator." the senator says he hopes a vote happens in september on the jobs bill that could help get loans to small businesses.on another topic he says while social security is safe for the next 27 years the deficit commission wants to find a way to add on another 75 years to make social security avai
FOX
Sep 7, 2010 4:30am EDT
stocks. that is definitely far from the norm. here's a quick trick that some traders use to get a feel for what's gone on with the economy and the markets. they take a look at the xal. this is the airline industry etx. it is a basket of airline stocks. during the past few days it has rallied in a few dollars and over the last year it has nearly doubled. airlines are very much tied to what's going on with the economy. hopefully they will continue to be profitable. in the meantime bp's oil cleanup costs have reached $8 billion. this week, president obama said he will unveil new ideas to boost job growth he plans to make another announcement in the days ahead where he will talk about a broader package aimed at accelerating job creation so far this year, more than 700-thousand jobs have been created both in the government and private sectors.the president once again called on congress to pass a small business jobs bill when it gets back into session later this month.the bill would set up a 30 billion dollar lending fund so that small businesses can borrow money to grow their companies
FOX
Sep 8, 2010 4:30am EDT
news, analysis and today's investment ideas good morning and thank you for joining us it's wednesday september 8th. gold is reaching record highs and believe it or not some are saying it's not because investors are nervous again. we will find out more coming up later. we'll have that story and we want to mention the final numbers from the box office are in and it looks the film industry made about 4.35 billion dollars, but guess what? you paid more for those tickets. and sales were up by about 2% from last year so that wasn't that bad. ticket prices are going up year after year. bp says it will issue the results of its own internal investigation into the oil spill in the gulf of mexico. the big question is how much blame will bp actually take for its role in the disaster and how much of the blame will they try to throw on other people like trans ocean and halliburton. today, the president heads to cleveland, ohio - to unveil yet another plan to boost job creation. in a speech, mr. obama is expected to introduce a 200 billion dollar tax cut - to give companies an incentive to buy new
FOX
Sep 16, 2010 4:30am EDT
costs, something as simple as tap water is being used now to create items that might surprise you. "787 boeing wings are cut on a water jet baby diapers are cut on a water jet baby carrots, chicken nuggets have seals in canals, balasitic glass. it's really extremely versatile." it's clear, this company has an interested in being green. "it's defintely a very green process. we use garnet abrasive and we recycle that as well. it's just tap water that we use and as long as you put in a filtration system and recycle that water you are good to go." with a backdrop of the windy city, the sandvik coromant company is playing up its products that go into building wind generation systems such as wind turbines. this year has brought in a whirlwind of business. "in the places that we supply to wind generation we've seen growth this year in sales of approximately 40%." that could increase as federal agencies have outlined plans for curbing government fossil fuels. the number of companies installing wind generation shot up to record high in 2009 and the industry shows no signs of losing steam.
FOX
Sep 15, 2010 4:30am EDT
traders as well. thank you for joining us ira epstein / the linn group. we are now joined by joe cusick / options express. can gold and stocks go up at the same time? it doesn't seem to make sense. you typically would not see that but we are actually seeing another precious metal silver which is also a industrial metal because it is used in allot of chips and things of that nature in the industrial side. it is actually outperforming gold so as people move in to gold because they are hearing potential quantitative easing and the potential for long-term inflation you see stocks coming in and people participating in those. gold is going up as well because of a weak dollar but silver is outperforming it. that is telling us that the industrials could be performing well which is always good for stocks. do you think that traders are seeing this rally in stocks over the last week or so as an opportunity to sell in to that rally? i think you are seeing some of the swing traders. the short-term traders. you are seeing them take advantage of selling into this rally. what we are really waiti
FOX
Sep 17, 2010 4:30am EDT
is no doubt about that we are certainly in a holding pattern. i think one of the things that has us stuck in here today of course is we are dealing with the expiration of the stock index futures, stock- index options and stock options as well. a lot of traders here like nothing better than a slow steady expiration. it is a lot easier to figure out what options are exercised and what options are assigned. going forward it certainly seems like this indecision about elections, the economic uncertainty probably keeps us stuck in a range until we get a better idea. we do have earnings coming up, hopefully they will provide better support for the market but it seems a lot of traders expect that we have seen the worst here, that we have had a slow down and that's about as worse as things are going to get here at this moment. we would certainly like to see some improvement on the employment data and the housing data. we have a gold reaching another high and it is probably because of this uncertainty we have going. no doubt about it the economic uncertainty, the currency volatility as well h
FOX
Sep 9, 2010 4:30am EDT
pointing fingers. plus, gold continues to shine. but investors beware in using the precious metal as a safe haven. and how to plan for retirement without social security. those stories and more on today's first business. you're watching first business: financial news, analysis and today's investment ideas. good morning everyone, thanks for joining us. it's thursday, september 9th. and stocks are trying to make it back into positive territory for 2010. but it's definitely been a struggle. and there's really a tug-of-war between the bulls and bears angie. and beejal, on thin trading volumes. we just got through the labor day holiday. people just getting back to work, and today is rosh hashanah. so happy new year. but again like a holiday on the trading floors. exactly angie. in the meantime, the debate over extending the bush tax cuts will start to heat up pretty soon. the president says america cannot afford to extend those tax cuts for the wealthiest americans. gold recently closed at a record $1,259 an ounce. the price of the precious metal has had a stellar performance this year
Search Results 0 to 12 of about 13